Bitcoin ETF Investors Under Pressure: First Real Dip Tests Conviction

New data suggests that investors in spot Bitcoin ETFs are facing their first genuine test of reality, with the average investor now sitting in the red. After nearly a year of steady inflows, consistent price appreciation and optimistic sentiment, the market has finally encountered real market pressure due to Bitcoin’s recent decline below its average cost basis. This marks the first significant dip since spot ETFs launched, putting many new investors who entered through these vehicles into an unrealized loss position.